EMEA

摘要

A leaked draft of upcoming EU securitisation legislation has reignited controversy, as it would hand the industry the power to decide whether deals qualify for better regulatory treatment. A draft of incoming rules on "simple, transparent and standard securitisation" would exclude any role of regulators or independent bodies from the labelling of which ABS transactions are deemed fit for preferential treatment. Supervisors would then only step in to monitor deals after pricing, after it had already been determined whether they would receive the STS label or not.